Naspers ADR Releases First Half Results; Positioned to Meet Full Year Adjusted EBITDA Targets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Source: SeekingAlpha
Ecommerce Revenue Growth: Naspers reported a 21% increase in ecommerce revenue for the first half, reaching US$4.1 billion, outperforming competitors.
Financial Performance: The company's aEBITDA rose by 71% to US$557 million, with a significant improvement in free cash flow to US$1.3 billion.
Asset Sales and Buybacks: Naspers has completed US$1.2 billion in asset sales in FY26 and generated US$63 billion through buybacks, reducing the discount on its shares.
Future Growth Plans: The company aims to achieve over US$1.1 billion in adjusted EBITDA for the full year, with new investments expected to unlock around US$2 billion from its portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
